The minimum wage is a cornerstone of the United States' labor system, and has been a cutting-edge labor law topic among employers and workers alike for. The report series derives its information on minimum wage earners from the several papers that provide a variety of background information. This Minimum Wage Database provides information on current and forthcoming minimum hourly wage rates for adult workers, young workers and workers. Teenage and student employment rose, while adult employment dropped. Using a work year of 50, hour work weeks, we can get the annual earnings expected from a minimum wage worker. In Principles of Political Economy in , John Stuart Mill argued that because of the collective action problems that workers faced in organisation, it was a justified departure from laissez-faire policies or freedom of contract to regulate people's wages and hours by law. I am a Senior Policy Analyst in Labor Economics at The Heritage Foundation. Our goal with any review is to combine objective data with subjective opinions. Economists and other political commentators have proposed alternatives to the minimum wage. Heritage Foundation calculations using data from the Department of Labor, Wage and Hour Division.
Codes Bank: Background information on minimum wage
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